>> i hope not, certainly if it's not left up to president obama and congressional democrats. president obama proposed $4 trillion in deficit reduction, he has a balanced approach to take care of the middle class and that they have the certainty that they need that we make spending cuts that are significant, that make sense, and that we maintain the things that are going to keep us competitive globally like the central funding for education and innovation, and at the same time we also make sure we ask wealthiest americans to pay a little bit more and when it comes to our tax policy that if you work hard and play by the rules in america that everybody has a chance to succeed and that's why you've seen ceos from across the country sign on to that notion, with president obama, saying it's okay if we raise rates a little bit for folks who make more than $250,000 a year. the world is not going to come to an end. there are republican and conservative analysts and thought leaders like bill kristol who have said that. why the republicans in the house who really are still very entrench